Press release
Oil and Gas Corrosion Protection Market Forecast to Surge to USD 12.54 Billion by 2034, Achieving a Remarkable 2.3% CAGR
The oil and gas corrosion protection market size was valued at USD 9.96 billion in 2024. It is projected to grow to USD 12.54 billion by 2034, exhibiting a CAGR of 2.3% from 2025 to 2034.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Corrosion protection for oil and gas involves techniques and technologies aimed at preventing or reducing the deterioration of materials, particularly metals, in the oil and gas sector. Corrosion can be caused by exposure to extreme environments, including seawater, chemicals, and high-pressure situations. Typical protective methods comprise coatings, cathodic protection, corrosion inhibitors, and the selection of materials. These approaches contribute to prolonging the longevity of pipelines, machinery, and facilities, lowering maintenance expenses, and guaranteeing safe and effective operations in the oil and gas industry.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/oil-and-gas-corrosion-protection-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โ The rising number of gas and energy initiatives is raising the demand for oil and gas corrosion protection. This demand arises from the essential need for strong infrastructure that can endure severe operational environments.
โ Government rules and safety regulations are prompting transformations in the oil and gas sector. These rules outline specific actions to reduce risks linked to leaks, spills, and structural failures, like those outlined in the US Pipeline and Hazardous Materials Safety Administration (PHMSA) regulations or the EU Offshore Safety Directive.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
In a highly competitive industry, leading competitors continually strive to innovate and distinguish their products to gain a competitive advantage in the market. Here is the list of the leading companies operating in the oil and gas corrosion protection market:
โข PPG Industries, Inc.
โข SLB
โข NTIC
โข Cortec Corporation
โข Maxwell Additives Pvt. Ltd.
โข Imperial Oilfield Chemicals Pvt. Ltd.
โข Hexigone Inhibitors Ltd.
โข Axalta Coating Systems, LLC
โข Teknos Group
โข 3M
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/oil-and-gas-corrosion-protection-market/inquire-before-buying
๐๐ข๐ฅ ๐๐ง๐ ๐๐๐ฌ ๐๐จ๐ซ๐ซ๐จ๐ฌ๐ข๐จ๐ง ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข In 2024, the coatings segment, by type, led the oil and gas corrosion protection market, owing to its widespread application in essential infrastructures such as pipelines, storage tanks, and offshore platforms.
โข The downstream segment is anticipated to experience the fastest growth in the oil and gas corrosion protection market during the forecast period, driven by the heightened emphasis on refining and petrochemical processes that are vulnerable to corrosion from chemicals, elevated temperatures, and pressure.
โข In 2024, the oil and gas corrosion protection market was led by the Middle East & Africa, largely due to the region's vast oil and gas reserves in countries such as Saudi Arabia, Iraq, Kuwait, Iran, Oman, and the UAE.
โข The North America oil and gas corrosion protection market is projected to expand significantly in the coming years, driven by an increase in exploration and production activities.
๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/oil-and-gas-corrosion-protection-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The oil and gas corrosion protection market is mainly segmented based on type, location, sector, and region. Based on type analysis, the coating segment led the global market in 2024 because of its widespread use in essential infrastructure, including pipelines, storage tanks, and offshore platforms.
Furthermore, according to the sector analysis, the downstream segment is anticipated to register the highest CAGR in the market during the projection period because of the heightened emphasis on refining and petrochemical activities.
Oil and Gas Corrosion Protection Market, Type Outlook (Revenue - USD Billion, 2020-2034)
โข Coating
โข Paints
โข Corrosion Inhibitors
โข Others
Oil and Gas Corrosion Protection Market, Location Outlook (Revenue - USD Billion, 2020-2034)
โข Offshore
โข Onshore
Oil and Gas Corrosion Protection Market, Sector Outlook (Revenue - USD Billion, 2020-2034)
โข Upstream
โข Midstream
โข Downstream
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
India Diamond Cutting & Polishing Market:
https://www.polarismarketresearch.com/industry-analysis/india-diamond-cutting-and-polishing-market
Polymethyl Methacrylate (PMMA) Market:
https://www.polarismarketresearch.com/industry-analysis/polymethyl-methacrylate-pmma-market
Rubber Additives Market:
https://www.polarismarketresearch.com/industry-analysis/rubber-additives-market
Polyurea Coatings Market:
https://www.polarismarketresearch.com/industry-analysis/polyurea-coatings-market
Bio-based Leather Market:
https://www.polarismarketresearch.com/industry-analysis/bio-based-leather-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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Email: sales@polarismarketresearch.com
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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